All Forum Posts by: Pat McGrath

interested too. I lived at 5th & chestnut. If i had known better about rei, i would have bought that house, great location. My mom owns 4 rentals there & my brother still lives there running a cabinet shop & doing his own taxidermy cabinets as well. Id be very interested now but most prices are elevated right now on mls. I have heard there is a shortage of rentals this year. With my brother is town, a prop mgr my mom uses & his employees too, i have decent contacts there. Plus i just like the town :)

& call up title do a prelum to make sure title is clear. Start talking to mlo if not already, conventional takes 30 days at least. Lots of hoops. Like others suggest if he needs that long do an option agmt (but the agmt needs to be pretty clear about every part of the agmt anyway). I did hear that title can have an escrow open for up to a year, but they dont always like to. Use first tuesday forms, totally legal in cali. Also anything crossed off or hand written takes priority over pre-printed. Conventional will want an appraisal & usually inspection too, but your mlo orders the appraisal. You could pay $400-500 for a 1 yr home warranty too if you wanted

try first tuesday

 Did you have to spend a lot in repairs to get it rent ready?

the ideas i think of, given sacs market, have been posted : buy & refinance later, buy & sell, wholesale/dbl close now, or just plane take a good/great deal as it comes. In 1 year you may decide you need a bigger place or a different part of town or want a bigger yard or dont like the schools or dont like the layout. Dont just pass it up if its that good. Can you rent it out at all? Or is that something that may upset your friends your buying it from & sour the deal/friendship?  Wish i had a good deal fall in my lap

well im studying for my license & it occured to me how do wholesalers deal with that. I would imagine a tds is still good to get from a seller. 

so what does the wholesaler do with a seller tds? Or nhd? Or megans law or security disclosures? Supplemental tax bill? Have the new buyer review & sign all those too??  Its not just the purchase agmt & an assignment of contract right? I guess i could have in the assignment that the buyer has received, reviewed and agreed to those as well?

daniel you ever pull the trigger?

cool. I'll try to get a sitter. The last post on sacramento meetup got pulled?